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internet index fund, moving higher, top holdings, google, amazon, and ebay, and the tech fund, ign, top holdings here, you may own them, cisco, qualcom, a gain of more than one point. david: more than a stock market, there's a lot of things today, very interesting lineup of guests, big labor, obviously, about to take a devastating blow in michigan, on the verge of becoming a right-to-work state. the man poised to make it happen, putting pen to paper signing the bill into law. governor rick snider. he's going to be joining us live from the office in the state capitol. don't miss this. liz: dangerously close to going over the cliff. you know the date, december 31st. coming up, exclusively on fox business, former treasury secretary paul o'neill as sides dwindle own spendings, he has what needs to be done to get budget under control, easy ways to cut it and who should carry the burden. david: before the busy hour, what drove the markets with today's data download. stocks pushing up for hopes of a deal in the beltway. all three indexes in the green, hosting the three straight day of gains, s
internet index fund, moving higher, top holdings, google, amazon, and ebay, and the tech fund, ign, top holdings here, you may own them, cisco, qualcom, a gain of more than one point. david: more than a stock market, there's a lot of things today, very interesting lineup of guests, big labor, obviously, about to take a devastating blow in michigan, on the verge of becoming a right-to-work state. the man poised to make it happen, putting pen to paper signing the bill into law. governor rick...
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up with google's innovation with cloud services, not necessarily in the hardware space. no one makes better hardware than apple. they don't need that engineering, they need software engineering to keep up with google to make cloud searching work. >> apple is going to spend 100 million dollars bringing some mac production to the united states. they're going to build these things in america and they've not done that before. what do you make of it. >> they haven't done it in 20 years and i know apple has been wanting to do this. it's been a thorn in the side of apple. stuart: it's for political reasons? >> it's for political reasons, sure, and the thorn in the side is tim cook to deal with worker conditions. >> no, no, no. >> sure. >> you can't tell me, the chief executive says i'm tired of getting on that plane and going to china. >> and i don't know that he cares about getting on the plane. he's tired of the negative pr. >> right. >> and now to the real point. and it's a drop in the bucket. this is all simply to fight the pr war. by the way he said something interesting,
up with google's innovation with cloud services, not necessarily in the hardware space. no one makes better hardware than apple. they don't need that engineering, they need software engineering to keep up with google to make cloud searching work. >> apple is going to spend 100 million dollars bringing some mac production to the united states. they're going to build these things in america and they've not done that before. what do you make of it. >> they haven't done it in 20 years...
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google is turning into a shopper's friend this christmas. 80% of people are googling their research on christmas purchases before buying. however, julia krueger of google says this doesn't necessarily mean shopping habits are transitioning to online- only. "they want to feel confident about what they're buying, and feel like they are getting a good value. so not everybody looks for the lowest price, but very often they want to feel good about the price they are paying. so even if it's within a few dollars, it may be a better purchase for someone to buy it locally or to be able to know that they can get it today if they decide to buy at a physical store." kreuger says some of the most searched gifts for kids this holiday season are leap pad tablets, build-a-bear, and g.i. joe. for adults, searches are up for tablets, laptops and engagement rings. fedex workers serving as santa's little helpers this year will have tough sledding this week. the delivery company expects today will be a record- breaker, with 19 million packages being shipped and delivered. 300,000 employees, plus 20,000 sea
google is turning into a shopper's friend this christmas. 80% of people are googling their research on christmas purchases before buying. however, julia krueger of google says this doesn't necessarily mean shopping habits are transitioning to online- only. "they want to feel confident about what they're buying, and feel like they are getting a good value. so not everybody looks for the lowest price, but very often they want to feel good about the price they are paying. so even if it's...
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i just record man, 40-year-old, brown hair, short. >> bob: what scares me is google and amazon.com. they are tailor the individual ads. for example, in both kimberly and andrea's position they have shoe ads the experience on amazon and google. >> dana: yeah. >> andrea: yeah. >> dana: also, there is a website i visit a lot and they do that. i visited one -- a website -- visited the company of a website. whatever. website company to get customize jeans and they would make them for you. but i'm really short. i get the custom fit jeans. i went on the website and i got jeans from them. it didn't like them. it sent them back. every time i went on the website to get my news this company would pop up. >> andrea: don't you think that is scary they read the e-mails. so the minute they find out you are single you get match.com. you had viagra ads or something? >> bob: i get them all the time. do you know that eric has a pair -- folks out there, watching. >> eric: this is b.s. >> bob: he bought a pair of jeans for $420 that are rippe ripped. >> eric: diesel jeans. they're not -- they're like $8
i just record man, 40-year-old, brown hair, short. >> bob: what scares me is google and amazon.com. they are tailor the individual ads. for example, in both kimberly and andrea's position they have shoe ads the experience on amazon and google. >> dana: yeah. >> andrea: yeah. >> dana: also, there is a website i visit a lot and they do that. i visited one -- a website -- visited the company of a website. whatever. website company to get customize jeans and they would make...
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if you google bermuda tax shelter, you probably get google as the top result. >> indeed. well, news today that google is using bermuda to its tax advantage. and in a very big way. the internet giant is steering $10 billion in overseas profits in the islands nation. therefore avoiding about $2 billion in taxes worldwide. guess what, it is all legal. it benefits the company's bottom line. but opens the company up for criticism. let's bring in ben schacter. saying it's the fiduciary duty that google has to their shareholders. while david callahan says such strategies could hurt the brand. great to have you with us. ben, let me get to you today. we'll get into the ethics in a second. but you say it is good for shareholders. >> i think it's what they have to do. it's their fiduciary duty to protect shareholders and pay as low a tax rate as they legally can. and in this case, that is what they're doing. >> but ethically it feels a little dirty, doesn't it? if all these american companies are hiding their revenues elsewhere. >> i think this is what they have to do. they have leg
if you google bermuda tax shelter, you probably get google as the top result. >> indeed. well, news today that google is using bermuda to its tax advantage. and in a very big way. the internet giant is steering $10 billion in overseas profits in the islands nation. therefore avoiding about $2 billion in taxes worldwide. guess what, it is all legal. it benefits the company's bottom line. but opens the company up for criticism. let's bring in ben schacter. saying it's the fiduciary duty...
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but friday they soared on rumors involving google. right now, groupon is giving back a lot of that gain. down almost 8 1/4%. what is going on? >> well, google might be interested in buying groupon. we are seeing gains given back today because a report came out from evercorps, an analyst, saying that he saw no basis to these reports and sees no reason why google would want to buy groupon. so looks like stocks are coming back to earth. there are concerns about its fundamental business model as it tries to expand beyond the deal a day business, that's its core business. >> julia, thank you very much. >>> google stashing billions in off-shore accounts to save a few bucks in taxes and what the deal with jc penney? are they having deals or not? we will discuss it more when we come back. stay with us. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't n
but friday they soared on rumors involving google. right now, groupon is giving back a lot of that gain. down almost 8 1/4%. what is going on? >> well, google might be interested in buying groupon. we are seeing gains given back today because a report came out from evercorps, an analyst, saying that he saw no basis to these reports and sees no reason why google would want to buy groupon. so looks like stocks are coming back to earth. there are concerns about its fundamental business model...
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. >> greta: look at google, perfectly lawferl. they did tax avoidance and managed to do that in bermuda. they saved $2 billion. but this whole idea of tax -- you hear so much from the members of congress and the president, you know, going on for decades that woo need tax reform. then we hear stories like tonight, where 17 senator who is voted for obamacare are now asking for specific tax relief in obamacare for a special interest, which happens to be medical devices. so i mean, the game goes on and on and on, this tax game. we never have a sense of, you know, trying to reform it and making it a good solution for our country. >> sure. yet the impact keeps happening. new jersey increased its rate and lost 25,000 residents by 2011 and $150 million in tax revenue. it gained some on the other side. maryland raised their top rate almost 10% n2008, they had 3,000 people who filed over $1 million and a year later, only 2 ,000, down 50%. the problem here is, if you just keep trying to soak the rich fwe tax american millionaires at 100%, ha
. >> greta: look at google, perfectly lawferl. they did tax avoidance and managed to do that in bermuda. they saved $2 billion. but this whole idea of tax -- you hear so much from the members of congress and the president, you know, going on for decades that woo need tax reform. then we hear stories like tonight, where 17 senator who is voted for obamacare are now asking for specific tax relief in obamacare for a special interest, which happens to be medical devices. so i mean, the game...
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so i'm in close contact what's going on inside spain's unemployment rate for the new generation the google facebook generation now is fifty percent so even if you go to a good school or even a technical school. it is in spain our stores there's no jobs so the solution for them is to immigrate to south america over here you know any in europe is more complicated have parts of germany which have some of the best standard of living anywhere in the world you have northeastern italy for instance which has a tradition of small premiership you go to a small. construction area. making clothes either gucci styling florence or making food in bali and export all over the world but it is they've been doing that for a thousand years or so and then you compare it to rome maples in southern italy it's a total disgrace they themselves say that they live in africa and in fact so this is the problem is the inequality inside the western capitalist system and this inequality is being reproduced by the chinese like i most of the time i am between those americas north and south europe and china whenever i trave
so i'm in close contact what's going on inside spain's unemployment rate for the new generation the google facebook generation now is fifty percent so even if you go to a good school or even a technical school. it is in spain our stores there's no jobs so the solution for them is to immigrate to south america over here you know any in europe is more complicated have parts of germany which have some of the best standard of living anywhere in the world you have northeastern italy for instance...
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predictive intelligence with google now complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. >> greta: if members of congress thought they were taking a long holiday break, they better think again. house mairment leader, eric kantor, warning lawmakers they will stay in washington until a fiscal deal is reached. allen west is here. before we get to the idea of staying in washington, you have said that negotiating with president obama is, to quote you, silly. >> i think when you look at what just happened today, the federal reserve will go into what is using -- >> greta: printing money. a fancy way to say it -- >> to the tune of $45 million a month foritous buy up our own treasury stocks. the argument is about $85 billion per year. when you put it thatn that context and understand that revenues have increased in the united states of america by 10% and spending by the for the government has increased 16% and we have a federal government spending 25s% of our gross domestic product, this is not a revenue issue, this i
predictive intelligence with google now complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. >> greta: if members of congress thought they were taking a long holiday break, they better think again. house mairment leader, eric kantor, warning lawmakers they will stay in washington until a fiscal deal is reached. allen west is here. before we get to the idea of staying in washington, you have said that negotiating with president obama is,...
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not one reporter who reported that remark went to google -- and i did -- looked at that speech and said as a matter of fact he talks about the role of religion. he talks about the priests in his life. so it's sort of like you're just -- i understand that on deadline it could be difficult, but you're just allowed to spew this stuff and people don't even sometimes use the basic tools of journalism to say really? is that what president kennedy said? >> the best line in that speech which may be kennedy's best speech was the interest here is not what church i go to, it's what america i believe in. the issue on the table here is not my beliefs or faith or lack thereof, it's about this country and what this country should say to people of faith or no faith. it should be how we treat as americans all the different belief systems. >> let me up the ante on what joan just said. that's right. people didn't check. and on deadline, there may be an excuse. to me what happened a lot during this campaign is even when politicians and i think romney did this more than obama, are called out on lies. say wh
not one reporter who reported that remark went to google -- and i did -- looked at that speech and said as a matter of fact he talks about the role of religion. he talks about the priests in his life. so it's sort of like you're just -- i understand that on deadline it could be difficult, but you're just allowed to spew this stuff and people don't even sometimes use the basic tools of journalism to say really? is that what president kennedy said? >> the best line in that speech which may...
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google has nexus 7. iphone and smartphone that google has. they compete on so many different levels but they know when to play fair and play nice and i guess it is in the area of patents of the apple and google according to various reports are teaming up together to buy a pool of 1100 patents we know the bankrupt kodak is selling out there, $500 million is the price tag. the reason they decided to come to their senses and play fair here, play nice is because when they were sitting on opposite ends of the table they were outbidding each other. they said, let's not do this. not spend more money than we have to. parse out which patents we want and play together. and that is exactly what they're doing. david: but their animosities are stronger than their willingness to work together, correct? >> absolutely. this is no cease-fire in any pay, shape or form. google is going at it. couple things coming out from google today. the company is going after a set-top box company, motorola home. talks it will go after that competing with apple. apple tv wil
google has nexus 7. iphone and smartphone that google has. they compete on so many different levels but they know when to play fair and play nice and i guess it is in the area of patents of the apple and google according to various reports are teaming up together to buy a pool of 1100 patents we know the bankrupt kodak is selling out there, $500 million is the price tag. the reason they decided to come to their senses and play fair here, play nice is because when they were sitting on opposite...
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companies such as google object to the f.t.c.'s characterization on-line stores as digital danger zones with inadequate oversight. in a written statement sent to the newshour, a google spokesman said from the beginning android has had an industry-leading permission system which informs consumers what data an app can access and requires user approval before installation. additionally, we offer parental controls and best practices for developers to follow. in the weeks ahead the f.t.c. is expected to announce major changes to a 1998 law: the children's on-line privacy protection act. it would impose tougher on-line safeguards for children under 13. more now about these concerns and the industry's approach to them. jessica rich is with the federal trade commission. she's the associate director of its division of financial practices. and morgan reed is executive director of the association for competitive technology, an advocacy group for app developers. jessica rich, it's your agency that came out with the report. what exactly is the
companies such as google object to the f.t.c.'s characterization on-line stores as digital danger zones with inadequate oversight. in a written statement sent to the newshour, a google spokesman said from the beginning android has had an industry-leading permission system which informs consumers what data an app can access and requires user approval before installation. additionally, we offer parental controls and best practices for developers to follow. in the weeks ahead the f.t.c. is...
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google search in the application. if you look for a dry cleaner, search for it, and then find it in the same box. it has a siri-like voice guided turn-by-turn directions, transit schedules, and locations saved on multiple devices. looking for a restaurant, for example, sitting at home, your home computer, when you are on the road, on your cell phone or even when you get to work, you can keep up with the directions anywhere along the way. couple features we are waiting for. no, it's not available on the ipad just yet. waiting for that. there's no integration with contacts so if you have your doctor's address savedded in the contacts, you can't get it seamlessly put in the application just yet, but that's just a matter of time. google share's doing well. we think, probably, because of the release. lots of hype today. connell: up over 700. good to have the turn-by-turn, and turn where you are supposed to be going, another key to this. thank you. >> thanks. connell: a good show last night, the 12-12-12 concert in madison
google search in the application. if you look for a dry cleaner, search for it, and then find it in the same box. it has a siri-like voice guided turn-by-turn directions, transit schedules, and locations saved on multiple devices. looking for a restaurant, for example, sitting at home, your home computer, when you are on the road, on your cell phone or even when you get to work, you can keep up with the directions anywhere along the way. couple features we are waiting for. no, it's not...
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the google vice president also participates. the center for american progress host the line -- live event i'm a tomorrow on c-span. >> this week, crystal wright, editor and publisher of the internet blog site, conservativeblackchick.com. >> crystal wright, why did you call your blog "conservative black chick." >> not a big story behind that. i felt it illustrated who i was. it is literal and fun. i was at a reunion for my all-- alma mater. a good friend of mine said i should just do my own blog. >> when did you start? >> 2009. i started blogging in 2009. i was very frustrated by barack obama's election. he ran as a moderate democrat. to pull people in the red state of virginia turn blue, i said, this is interesting. in january, he began to make his appointments and i began to see the same faces of the clinton administration. i became increasingly frustrated. obamacare is what hit me over the edge. i said, why is this president not focusing on job creation? people do not want universal health care right now. >> when did you becom
the google vice president also participates. the center for american progress host the line -- live event i'm a tomorrow on c-span. >> this week, crystal wright, editor and publisher of the internet blog site, conservativeblackchick.com. >> crystal wright, why did you call your blog "conservative black chick." >> not a big story behind that. i felt it illustrated who i was. it is literal and fun. i was at a reunion for my all-- alma mater. a good friend of mine said...
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apple and google compete on so many different rounds. but they're actually coming together to co-compete on a bid for the patents that kodak holds. 1100 patents, half a billion dollars. they realize instead of sitting across from each other playing and outbidding one another, we will work together and co-compete for these and work together to get these patents for both of us. something to watch. liz: not all patents are equal. they will start dealing and wheeling. >> it all looks kosher right now, but i'm sure it is not. liz: what about the flash cube patent. dennis, what about you? >> mayor bloomberg could be in for holiday shopping. bloomberg media company may want to buy the financial times. any deal more for prestige and profits. preservation down 30% in four years, 300,000. yet bloomberg is a hungry acquirer. a deal here would give bloomberg 50% ownership of the economy. it could go for a price of $1.6 billion. valuing them at double the price of u.s. print properties on a per point. whether ceo plays on march in the print business.
apple and google compete on so many different rounds. but they're actually coming together to co-compete on a bid for the patents that kodak holds. 1100 patents, half a billion dollars. they realize instead of sitting across from each other playing and outbidding one another, we will work together and co-compete for these and work together to get these patents for both of us. something to watch. liz: not all patents are equal. they will start dealing and wheeling. >> it all looks kosher...
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google has announced that a new google maps app is available for the iphone. as you can imagine, the rush to get it was so intense by late yesterday it actually temporarily disappeared from the app store. remember back in september, apple ditched the google maps app and put its own on. there's a lot of criticisms about inaccuracies and lack of, i don't know, various things that you would normally expect. >> ending up in australia? >> ending up in australia or getting lost in national parks and stuff like that. so i guess there's people quite relieved right now. >> at least they can use that to find their way to the closest retailer. they're going to be open, 24, 25 hours a day, it seems like. >> it's unbelievable. i think they're going to get every single shopper through the door. you've got big-name companies like toys "r" us and macy's, they're going to stay open around the clock. others like target and nordstroms, but other stores have started a marathon of holiday store hours remaining open 24/7 since december 2nd. and since black friday, most target store
google has announced that a new google maps app is available for the iphone. as you can imagine, the rush to get it was so intense by late yesterday it actually temporarily disappeared from the app store. remember back in september, apple ditched the google maps app and put its own on. there's a lot of criticisms about inaccuracies and lack of, i don't know, various things that you would normally expect. >> ending up in australia? >> ending up in australia or getting lost in...
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but google is back on the iphone again. google maps has been heavily criticized. google maps are new and improved with term by term directions. when you guys think? this was the one thing when the new bone came out, he said why did they do that? >> i am still a blackberry girl. what about this google maps. >> one of the disasters was -- they were asking people in australia who wanted to go to a particular city, sending them into the desert. [laughter] they could've had a lot of losses, i don't own an iphone. i do own apple stock. i figure they get it right this time. it's been a huge hit. the stock is down from 700. [talking over each other] [talking over each other] sandra: all right, here's another one. last night at 12 national 12 -- though 12 mccartney played the role of kurt cobain. courtney love was not excited about that. what did you think about this performance? >> kurt cobain is
but google is back on the iphone again. google maps has been heavily criticized. google maps are new and improved with term by term directions. when you guys think? this was the one thing when the new bone came out, he said why did they do that? >> i am still a blackberry girl. what about this google maps. >> one of the disasters was -- they were asking people in australia who wanted to go to a particular city, sending them into the desert. [laughter] they could've had a lot of...
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about google searches. the top google searchs of 2012? some of these are surprising. number one, whitney houston. beat out hurricane sandy. election 2012. bob's favorite thing to commiserate about. hunger games. and to lin jeremy lin. i still have my jersey. >> bob: who is that? >> eric: basketball player. that's it for us on "the five." thank you for watching. >>> i am greg gutfeld. welcome to "red eye." or as i am known in canada, the ontario open robe. let's go to andy levy for a pre game report. andy, what is coming up on tonight's show? >> way to nail that cold open. our top story, is a white tennis player imitating serena williams racist? why not? everything else is. and would we have a budget deal if women were in charge? women say yes, but men say, football, video games. and in the midst of a contract dispute, flight attendants choose to select lively -- selectively with 408d -- withhold services. greg? >> what is wrong with your left sleeve? >> what is that? >> what is wrong with your left sleeve? >> i don't believe anything is wrong with it. >> i believe som
about google searches. the top google searchs of 2012? some of these are surprising. number one, whitney houston. beat out hurricane sandy. election 2012. bob's favorite thing to commiserate about. hunger games. and to lin jeremy lin. i still have my jersey. >> bob: who is that? >> eric: basketball player. that's it for us on "the five." thank you for watching. >>> i am greg gutfeld. welcome to "red eye." or as i am known in canada, the ontario open...
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predictive intelligence with google now complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. ♪ ♪ [ male announcer ] while you're getting ready for the holidays, we're getting ready for you. tis the season. for food, for family, and now, something extra -- for you. >> first the wisconsin state capitol, now michigan. hundreds protesting against michigan coming a right to work state. today republican governor rick snyder and gop leaders saying they will push to right to work legislation. and tonight both the michigan house and cincinnati passing the measure. we spoke with.gov nor snyder about the erupting fight. >> nice to see you, sir. >> good to be with you. >> you've had an interesting day at the state capitol. you've had arrests and protests and pepper spray, the police locked protesters out and about an hour later the union got an injunction to open the doors. so what provoked all this today? >> well, if you look at it, it's really about freedom to choose. it's about being pro worker and stepping up for the
predictive intelligence with google now complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. ♪ ♪ [ male announcer ] while you're getting ready for the holidays, we're getting ready for you. tis the season. for food, for family, and now, something extra -- for you. >> first the wisconsin state capitol, now michigan. hundreds protesting against michigan coming a right to work state. today republican governor rick snyder and gop leaders...
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we're experiencing issue with google services. for he everyone affected we apologize for any convenience you made may be experiencing. we'll post updates to the dashboard. the dashboard gone from ready to green indicating there were service disruptions. now everything seems to be looking good. that is the updated website there. people are really freaking out over this, lori and melissa because the know the service is subscribed to by 425 million people out there. mine was fine and other people's weren't okay. lori: do you buy the end of the world this mayan forecast? melissa: when does it actually happen? lori: the 21st. melissa: i think more likely to happen on 12/12/12. lori: you have power to change it. melissa: things are heating up when it comes to solar, not a good way. many in california are wondering where is all the promised job creation??3 where is all the revenue? fox's william la jeunesse in los angeles with the latest. >> california utilities must get 20% of the their power from renewables. state and federal handouts
we're experiencing issue with google services. for he everyone affected we apologize for any convenience you made may be experiencing. we'll post updates to the dashboard. the dashboard gone from ready to green indicating there were service disruptions. now everything seems to be looking good. that is the updated website there. people are really freaking out over this, lori and melissa because the know the service is subscribed to by 425 million people out there. mine was fine and other...
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these google -- all of these companies which maybe it needs to be a marketing campaign. i don't know. but something i think should be done to change the image of immigrants and make it more positive, and i think that will facilitate everything we're talking about today. so how do you guys think we can maybe change that image of immigrants and make it more positive and not make everybody, when they think of immigrants think of border wars on history channel. >> well, at different times and places, immigrants have been viewed more or less favorably in the united states. this is a nation of immigrants. but when immigration was largely cut off during the 1920's, a lot of americans became somewhat estranged from the immigrant roots of their forebearers. and lost a sense that we were a nation of immigrants. but in some parts of the country today you see the enormous economic vitality it comes with a really diverse and active population that attracts immigrants and kind of zestful necessary they add to a community like those in northern virginia. or southern california or texas
these google -- all of these companies which maybe it needs to be a marketing campaign. i don't know. but something i think should be done to change the image of immigrants and make it more positive, and i think that will facilitate everything we're talking about today. so how do you guys think we can maybe change that image of immigrants and make it more positive and not make everybody, when they think of immigrants think of border wars on history channel. >> well, at different times and...
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the difference between apple and google is they're not public about it. we don't know what they're working on other than these p patent filings. trust me, they're working on big, new, exciting things. even wearable computers. >> let's hope. we haven't seen them though. maybe. >> it just occurred to me, we talk about tim cook versus steve jobs and is the company different and how is it different and all that. is it possible, max, that shareholders think they are still investing in steve jobs' apple rather than tim cook's apple? >> absolutely. >> is that why we've seen this 23% decline in the stock recently as some of that is starting to dawn on them? >> absolutely. i'll do you one better. it's a great question. i think analysts still think they're forecasting and following steve jobs' growth. the bad news is that it's the wrong model. that era has ended. there's lots of exciting things to do. the story is not over. the future is potentially very bright. folks need to move away from maintaining the margin and benchmark everything against steve jobs. the mar
the difference between apple and google is they're not public about it. we don't know what they're working on other than these p patent filings. trust me, they're working on big, new, exciting things. even wearable computers. >> let's hope. we haven't seen them though. maybe. >> it just occurred to me, we talk about tim cook versus steve jobs and is the company different and how is it different and all that. is it possible, max, that shareholders think they are still investing in...
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Dec 10, 2012
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he is a former google guys. good to see you. >> hello. thank you for having me spew forth the top tax rate in the country will now be in the state of california, assuming we go back to the 39.6% rate. it is retroactive to the beginning of the year. how crazy is that? >> it is, i think, it is very unusual. it is the first time i have ever seen a retroactive tax. one of the things i think was really surprising to me and a lot of my friends is it really was not described that way in the voter guide which was sent to all of us. they neglected to mention the rector active portion of it. i think a lot of people were really surprised by that. so many businesses still get started in silicon valley because that is where the talent is. the regulation, state and higher taxes in the state do not matter. will this really start to hurt business formation there, do you think. >> i think that is a great question. it is about a 30% tax increase california has done is almost double the taxable gain great. i feel like california is an amazing place. the sil
he is a former google guys. good to see you. >> hello. thank you for having me spew forth the top tax rate in the country will now be in the state of california, assuming we go back to the 39.6% rate. it is retroactive to the beginning of the year. how crazy is that? >> it is, i think, it is very unusual. it is the first time i have ever seen a retroactive tax. one of the things i think was really surprising to me and a lot of my friends is it really was not described that way in...
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Dec 6, 2012
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writes make a tv in which the sound does not go up for commercials and i'll be the first is a-to-say google will copy apple if they are successful, samit bhatt. now we have scott wapner and "fast money." >>> welcome to "the halftime show." four hours to go until the close. green arrows across the board. 13,041 the dow jones industrial average, all of the major averages in the green. here's what we're following on "halftime" target practice with its prediction for 2012 now within reach, jpmorgan's tom lee on the market's next move. net gain, netflix shares up again as the company rides the halo of its disney deal. where is the next stop? one stock, two opinions in a halftime debate. first our top story the sudden sell-off in shares of apple, after posting its worst trading day in four years, the stock is rebounding but has still lost more than $35 billion in market cap over the past few days. jon fortt is in silicon valley with the latest, the worst performance of three days since 2008. what is the buzz in the valley? >> we've heard multiple theories why the stock has been falling, people se
writes make a tv in which the sound does not go up for commercials and i'll be the first is a-to-say google will copy apple if they are successful, samit bhatt. now we have scott wapner and "fast money." >>> welcome to "the halftime show." four hours to go until the close. green arrows across the board. 13,041 the dow jones industrial average, all of the major averages in the green. here's what we're following on "halftime" target practice with its...
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what's the trade on google, pete? >> i like google, but i still think when you look at yahoo!, one of this things we talked about recently is, how yahoo! is actually starting to steal back some of that search. who are they stealing it from? they are taking some of it from google. i like this yahoo! story right now. i think you have more upside. >> amen. >> all right. >> we talk about it for awhile now. >> we have. we have. >> jane? >> all right, finally, this john mcafee story is right out of hollywood. we need to start casting the movie. one likely candidate is vladic sheybal who played dr. boogalow. but i found the late, great roy shader, seen as bob fossey in "all that jazz." unfortunately, they are both dead. so, casting remains open. i see on the set one person with facial hair and i think -- if pete had a really, really, really hard weekend, monday morning, he could play john mcafee. >> i had a rough one this weekend, as a matter of fact. boy, that was tough. >> little extra time with tequila mocking bird. >> meggings were too tight? >> no meggings here. >> have you hear
what's the trade on google, pete? >> i like google, but i still think when you look at yahoo!, one of this things we talked about recently is, how yahoo! is actually starting to steal back some of that search. who are they stealing it from? they are taking some of it from google. i like this yahoo! story right now. i think you have more upside. >> amen. >> all right. >> we talk about it for awhile now. >> we have. we have. >> jane? >> all right,...
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Dec 11, 2012
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particularly here at google. we look at what -- web presence can do for a start-up as they increase their potential not only throughout this country but throughout the world. in terms of global exporting. their ideas and their innovations. those regulatory barriers have such a depressing impact on their abilities to get the job done. that is something government can do that doesn't really have any impact in terms of the cost, but can really produce benefits in terms of additional economic -- >> let me fill in the blanks. once we get to this fiscal cliff, there is a very clear innovation agenda that is in front of us. and the condition i think we will have the conditions as a result of the fiscal cliff being behind us and the election turning out the way it did to get at that. the first one i hope will be immigration where we'll create an ability to solve all the whole immigration problem, not just a piece that relates to technology companies, a lot of people say how are we going to compete with china with 1.3 bil
particularly here at google. we look at what -- web presence can do for a start-up as they increase their potential not only throughout this country but throughout the world. in terms of global exporting. their ideas and their innovations. those regulatory barriers have such a depressing impact on their abilities to get the job done. that is something government can do that doesn't really have any impact in terms of the cost, but can really produce benefits in terms of additional economic --...
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Dec 7, 2012
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predictive intelligence with google now complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. so we created the extraordinarily comfortable sleep number experience. around a bed with dualair technology that allows you to adjust to the support your body needs - each of your bodies. our sleep professionals will help you find your sleep number setting. exclusively at a sleep number store. sleep number. comfort individualized. this holiday season, give the gift that's magical: the innovative airfit adjustable pillow at special 30% savings. >> first the wisconsin state capitol, now michigan. hundreds protesting against michigan coming a right to work state. today republican governor rick snyder and gop leaders saying they will push to right to work legislation. and tonight both the michigan house and cincinnati passing the measure. we spoke with.gov nor snyder about the erupting fight. >> nice to see you, sir. >> good to be with you. >> you've had an interesting day at the state capitol. you've had arrests and protests
predictive intelligence with google now complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. so we created the extraordinarily comfortable sleep number experience. around a bed with dualair technology that allows you to adjust to the support your body needs - each of your bodies. our sleep professionals will help you find your sleep number setting. exclusively at a sleep number store. sleep number. comfort individualized. this holiday season,...
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Dec 13, 2012
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google unveiling its new map for the iphone after given the boot by apple. who will win this battle? and shares of best buy, moving up by, look at that, nearly 15% today. reports its founder could make a take over offer for that retailer, but is that the best move? my partner, sue herera at the new york stock exchange for us. sue? >> ty, it is a little bit after down side bias today. investors are losing enthusiasm over the fed's move. and more specifically, the employment rate. right now, the dow is down 57 points on the trading session. most of that drop cake after mr. boehner made comments about the continues impasse in trying to resolve the fiscal cliff. s&p down 23, down three quarters percent. and the nasdaq is down about half a percent. bob joins me on the floor of the nyse. the market is very undecided about what is happening in washington. what the feds know that perhaps we don't know. >> we are getting smacked around by these two separate events. the fiscal cliff as well as aftermath of what went on with the fed. i think the fed is still very impor
google unveiling its new map for the iphone after given the boot by apple. who will win this battle? and shares of best buy, moving up by, look at that, nearly 15% today. reports its founder could make a take over offer for that retailer, but is that the best move? my partner, sue herera at the new york stock exchange for us. sue? >> ty, it is a little bit after down side bias today. investors are losing enthusiasm over the fed's move. and more specifically, the employment rate. right...
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and i do believe they're in acquisition target potentially, whether it be for microsoft or comcast or google or potentially an app. >> weiss, what about the risk factors? >> they're meaningless in terms of the fundamentals of the company. all it's going to be is a fine. it's not like there's fraud or anything like that. there's no restatement of earnings or neanything else comg in. balance sheet. just ignore that nuisance. it gets your names in the headlines a little bit more. in terms of the company and the fundamentals, my concern is they're overpaying for content. they're going to have to raise capital next year and i don't think somebody can come in and buy them. >> we'll move on and talk about the market. ross kosterich joins us live from san francisco. ros russ, nice to see you. >> thanks for having me. >> if there's coal in apple's market can santa claus have a rally? >> the stock can move higher without apple but to state the obvious, it's a big chunk. it's certainly going to help if apple participates but i think the reality is apple along with the rest of the stock market is still
and i do believe they're in acquisition target potentially, whether it be for microsoft or comcast or google or potentially an app. >> weiss, what about the risk factors? >> they're meaningless in terms of the fundamentals of the company. all it's going to be is a fine. it's not like there's fraud or anything like that. there's no restatement of earnings or neanything else comg in. balance sheet. just ignore that nuisance. it gets your names in the headlines a little bit more. in...
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Dec 11, 2012
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she runs google's washington office. she's always been on the cutting edge of things that really matter. let me start off by saying i do not think there is an anti- innovation caucus. i do not think there is anybody who is opposed to innovation. it is a little bit like apple pie or rg3. let me ask you all to describe what we really mean by innovation. what are the two or three priorities we ought to really be talking about? glenn? >> let's start on that side. >> i thought you'd start on that side. >> i go to my right first. >> there are three types of innovation. this is from the business perspective, our world. one is scientific innovation that allows the second innovation which is the technology innovation, to take the underlying discovery and commercialize its, turning it into a product that can be used for consumer customers. what is equally important is how you can then take a discovery, it turned into a technology, and you can deliver it in a way that allows you to build a business that gets you a margin that can s
she runs google's washington office. she's always been on the cutting edge of things that really matter. let me start off by saying i do not think there is an anti- innovation caucus. i do not think there is anybody who is opposed to innovation. it is a little bit like apple pie or rg3. let me ask you all to describe what we really mean by innovation. what are the two or three priorities we ought to really be talking about? glenn? >> let's start on that side. >> i thought you'd...
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you would prefer google. make the case, sir. >> well, i think that apple is a company that goes through plod cycles and so, therefore, you've got lumpiness and risk there with each product cycle. as you have other hardware manufacturers like google and like amazon come in and they have other businesses that they could use to fund their kind of break-even foray into hardware, it is going to become more about the software. clearly apple has a formidable platform in itunes but we think longer term google is the winner in terms of its android os, powering cream which we think is the best browser, gmail, the core search product. youtube. this is google's goal, to tie a lasso around its ecosystem of advertising supported products. those revenues for me as an analyst are more predictable and also higher margin. i'd prefer to buy google ten times out of ten. >> microsoft's sitting in the corner right now feeling really lonely and left out. why not microsoft? >> i think longer term, microsoft, windows and win 8 have r
you would prefer google. make the case, sir. >> well, i think that apple is a company that goes through plod cycles and so, therefore, you've got lumpiness and risk there with each product cycle. as you have other hardware manufacturers like google and like amazon come in and they have other businesses that they could use to fund their kind of break-even foray into hardware, it is going to become more about the software. clearly apple has a formidable platform in itunes but we think...
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neither google nor apple responded to requests for comment. >> all right. let's get out to kayla tausche again. we're hearing the treasury is going to sell the remaining $240 million worth of aig shares? >> that's correct. we're seeing those headlines just hit the wire now. it's 234 million shares. that's roughly $8 billion. that's the last of the treasury's investment in aig. they will launch a fully public offering. roughly 16% of aig shares. this is a mayjor coupe for the government. still at 33 bucks even though it's down after-hours up from the re-ipo after the financial crisis. >> and it's something that will make the ceo very, very happy. the last couple times he's been on this program, he has been campaigning publicly for the government to do just that. he wants them off his balance sheet and off his back. >> it was an unpopular risk to begin with. so brings this all into the era. >> as kayla pointed out, it turned out to be profitable for the country. >> absolutely. >>> in the meantime, death tax would jump. we talk about why it might cost someone'
neither google nor apple responded to requests for comment. >> all right. let's get out to kayla tausche again. we're hearing the treasury is going to sell the remaining $240 million worth of aig shares? >> that's correct. we're seeing those headlines just hit the wire now. it's 234 million shares. that's roughly $8 billion. that's the last of the treasury's investment in aig. they will launch a fully public offering. roughly 16% of aig shares. this is a mayjor coupe for the...
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google is a good example of all three. i was on the board of a company [inaudible] they had about $13 billion in revenue. that revenue came from products that were 120 days below last told. they have to reinvent nearly $13 billion in revenue in 120 days. disk drives are the file drives on any technology you have. the innovation has to curb at all three levels for it to continue to deliver. one of the major reasons these devices are so small a powerful is because of the process. in storage, the rate of change is to double every nine months. you have to think about the company's to stay ahead of the curve. >> do you want to pick up on this? >> not fair. >> i do not know how to innovate. what strikes me about innovation -- richard virus turned into - an understanding of hiv aids. think of the internet -- it turned into the web. there is a myth about americans that we only care about innovation. the founders had innovation in the dna. the articles of confederation required standards of weights and measures. the most undervalue
google is a good example of all three. i was on the board of a company [inaudible] they had about $13 billion in revenue. that revenue came from products that were 120 days below last told. they have to reinvent nearly $13 billion in revenue in 120 days. disk drives are the file drives on any technology you have. the innovation has to curb at all three levels for it to continue to deliver. one of the major reasons these devices are so small a powerful is because of the process. in storage, the...
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predictive intelligence with google now complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. >>neil: fema teams are brushing off workers would rush to help people devastated by the storm. then we pick up that story. >>guest: one team of fema first responders deployed during super storm sandy were told to hurry up and wait. a worker said emergency personnel were rushed to for the dix and their liaison did not know they were coming and the staging area had nothing for them to do for four days. they asked for assignments and they were told to go do walmart or check out non-damaged area. a november 3 e-mail shows an administrator in washington urged the regional team to get his people into the field after he learn they were doing nothing. fema official acknowledges there remain delays in getting responders out in the field but says time was mostly spent overcoming logistics and the responders he dealt with were well prepared but the worker says teams were unprepared and fema wasted a lost precious time and efforts we
predictive intelligence with google now complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. >>neil: fema teams are brushing off workers would rush to help people devastated by the storm. then we pick up that story. >>guest: one team of fema first responders deployed during super storm sandy were told to hurry up and wait. a worker said emergency personnel were rushed to for the dix and their liaison did not know they were coming...
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google is spending a significant amount of money to see we can do better. what the big frustration is what we talk about education but many of the other social problems that we talked about, when you see that there is such a dramatic technological change and we have not done anything to abandon our educational system. we can see is their ways that we can use these ongoing on-line resources to reach kids and get them to think beyond, to do that type was of things to introduce them to worlds beyond our borders. there are opportunities to shake things up and to cut some of the costs by allowing kids to enter world's and realms of the have never been allowed to enter before through technology and we need to spend more time figuring out how we change that paradigm if we know it. particularly for the pre-k through high-school. how can we learn better based on what we know today? >> let me try two more before we open it up to questions. warren buffett says tax rates do not matter as much as a lot of people pretend when it comes to companies and investment and inno
google is spending a significant amount of money to see we can do better. what the big frustration is what we talk about education but many of the other social problems that we talked about, when you see that there is such a dramatic technological change and we have not done anything to abandon our educational system. we can see is their ways that we can use these ongoing on-line resources to reach kids and get them to think beyond, to do that type was of things to introduce them to worlds...
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google 737,000. et cetera and what do they get in return, ed, for giving that money. >> they usually get to bring attention to this andcontinue to do it in a vacume. the president could say . we have a problem. google avoided paying taxs and we need to change that. he will not do that . it is sometimes in ambassadorship. smid is rumored to be a ambassador it goes on both sides of the political party. >> gretchen: it is interesting. instead the talk is the one percent the american individuals than the businesses. >> thank you. >> gretchen: a teacher encouraged to skip class, but she refused and decided to teach the kids. should easy bake ovens made for boys or can they use the ones their sisters got for christmas? that's what my son does. we have an update coming up. ♪ ♪ [ male announcer ] when it comes to the financial obstacles military families face, we understan at usaa, we know military life is different. we've been there. that's why every bit of financial advice we offer is geared specifical
google 737,000. et cetera and what do they get in return, ed, for giving that money. >> they usually get to bring attention to this andcontinue to do it in a vacume. the president could say . we have a problem. google avoided paying taxs and we need to change that. he will not do that . it is sometimes in ambassadorship. smid is rumored to be a ambassador it goes on both sides of the political party. >> gretchen: it is interesting. instead the talk is the one percent the american...
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here's my take on google and bermuda. the story is this, google funneled nearly 10 billion dollars in to bermuda, where there is no corporate tax. google avoided about 2 billion dollars in worldwide taxes by doing that. by not bringing back specifically to america, they saved a whole lot more. the irony is that eric schmidt was ceo when the money was parked in bermuda, yes the pro-tax, pro-obama eric schmidt avoided the tax that president obama enforces. apart from the obvious hypocrisy, there are two points to be made here. number one, eric schmidt did the right thing for his shareholders. they own the company. they want to share in the money that google makes. the ceo has the responsibility to act in their best interest. if google had brought the money back here, it would have been taxed at the highest rate in the developed world, 35%, and then if it were paid out in a dividend, the money would be taxed again at a rate that may get up to 43% next year. it's in the interest of the shareholders to park it in bermuda. he d
here's my take on google and bermuda. the story is this, google funneled nearly 10 billion dollars in to bermuda, where there is no corporate tax. google avoided about 2 billion dollars in worldwide taxes by doing that. by not bringing back specifically to america, they saved a whole lot more. the irony is that eric schmidt was ceo when the money was parked in bermuda, yes the pro-tax, pro-obama eric schmidt avoided the tax that president obama enforces. apart from the obvious hypocrisy, there...
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. >> top five google searches of the year. including celebrities and a video game. can you with guess? stay with us. abc 7 news >>> we have breaking news in southern california. a police s.w.a.t. team is on cal state fullerton campus searching for a man with a gun. there is no report of a shooting at this point. police were chasing an armed suspect who ran on the campus. that is why they're on campus. we'll keep you posted on developments. no shooting taking place but they do have reports of a man armed with a weapon. >> of course, dan will have more for you on abc 7 news. take a look at this. a river of foam outside levis headquarters today, greenpeace demonstrating what they say is toxic water pollution dumped into mexico rivers by suppliers providing these pictures. today's protest involved nontoxic foam on battery street. now, in response, levis says they're working towards the goal of ending hazardous discharge in all plants by the year 2020. >> it turns out gas smell forcing a shelter in place in three schools today was a false alarm. charlotte wood middle sch
. >> top five google searches of the year. including celebrities and a video game. can you with guess? stay with us. abc 7 news >>> we have breaking news in southern california. a police s.w.a.t. team is on cal state fullerton campus searching for a man with a gun. there is no report of a shooting at this point. police were chasing an armed suspect who ran on the campus. that is why they're on campus. we'll keep you posted on developments. no shooting taking place but they do...
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google thing still going around the market. we read and respected in the tech world, give me a break. it'll never happen. but the stock did move friday on the news. a big move. now what is this stock up to. >> we don't talk about them much. the 12 month clinical trial of an experimental leukemia drug. >> nexen, again, a company we don't talk much about, but what is up to? >> we don't talk about it much because it is canadian. don't know if you hate it canada like you do american. but a big energy company. here is the deal. people got outraged, just like we are facing here. oh, can't let chinese buy our energy property, terrorism, blah blah blah. guess what? they are allowing the deal to go through. other companies are falling because they may impart new rules. saying we don't know if theant prices can by our energy companies. does that sound familiar in any way? >> this is the is the version of -- >> i don't hate canadians. why do you? >> i don't hate canadians. i hate everybody. i'm kidding. >> now getting cheaper by the minut
google thing still going around the market. we read and respected in the tech world, give me a break. it'll never happen. but the stock did move friday on the news. a big move. now what is this stock up to. >> we don't talk about them much. the 12 month clinical trial of an experimental leukemia drug. >> nexen, again, a company we don't talk much about, but what is up to? >> we don't talk about it much because it is canadian. don't know if you hate it canada like you do...